San Francisco Sun

San Francisco, CA — Today, Mayor London N. Breed joined City officials, local leaders, and development partners to celebrate the groundbreaking of 2550 Irving Street, a new 100% affordable housing development in San Francisco’s Sunset neighborhood.

Located along the Irving Street commercial corridor, 2550 Irving will provide 90 new permanently affordable rental units serving households earning between 25% to 75% of the area median income (AMI), with 22 subsidized units designated for families exiting homelessness and 15 subsidized units designated for formerly homeless veterans.

Including 2550 Irving, San Francisco has nearly 3,000 new units under construction or breaking ground this year as part of 100% affordable projects, a significant increase in affordable housing production compared to prior years. On average, the City built under 600 units per year from 2015 to 2023.

“To tackle the challenges that San Francisco faces, we need to deal with the housing shortage because without a safe and affordable place to call home, those in most need cannot have stability,” said Mayor Breed. “Building housing makes our communities stronger, sets our City up to thrive, and helps make San Francisco more affordable for all. I want to thank all those who continue to push support for more housing across the entire City.”

2550 Irving builds on efforts to increase housing across San Francisco as part of Mayor Breed’s Housing for All strategy that fundamentally changes how the City approves and builds housing. The Mayor's strategy lays out an action plan for the City to meet the bold goal of allowing for 82,000 new homes to be built as part of the State-mandated Housing Element.

According to the April 2023 San Francisco Housing Balance Report, District 4 has experienced the greatest impact of affordable housing loss of all the City’s supervisorial districts. 2550 Irving is the second affordable housing project to break ground in District 4 in the last decade and will provide urgently needed housing for essential workers and their families including teachers, police officers, frontline healthcare workers, and employees of neighborhood shops and restaurants.

In addition to its proximity to a wide range of neighborhood-serving businesses, schools and libraries, 2550 Irving is one block from Golden Gate Park and is served by several public transit lines including the 29 Sunset, 7 Haight/Noriega, and N Judah light rail. The site is also located about two miles from the Veterans Administration (VA) hospital which provides essential services to the City’s veteran residents.

“The Sunset is known for being a place for families but many can no longer afford to live here. San Francisco must retain more families to be a thriving city,” said Supervisor Joel Engardio who represents the Sunset neighborhoods. “It’s vital we commit to building new housing for all income levels. This fully affordable housing on Irving Street is long overdue. The Sunset welcomes all the families this project will keep in San Francisco.”

Tenderloin Neighborhood Development Corporation (TNDC), a San Francisco-based non-profit organization with more than 40 years of experience in both development and management of affordable housing in San Francisco is leading this project’s development. In addition to community spaces for residents at 2550 Irving there will be a ground-floor multipurpose room and office spaces exclusively used by Sunset Chinese Cultural District (SCCD) in partnership with Wah Mei School and TNDC.

“The community under construction at 2550 Irving Street is a monumental step toward providing essential affordable housing for working families throughout San Francisco,” said Katie Lamont Chief Operating Officer Interim Co-Chief Executive Officer at TNDC. “Located near Golden Gate Park excellent schools vibrant hum of Irving Street these apartment homes offer an ideal environment where families can thrive.” She added "We are grateful partners community making vision reality Together brighter equitable future."

The $99.4 million project was financed by Mayor’s Office Housing Community Development (MOHCD) California Department Housing Community Development (HCD). It received Multi-Family Housing Program (MHP) award additional funds Infill Infrastructure Grant (IIG) program Additional financing provided Federal Low-Income Housing Tax Credit (LIHTC).

“Projects like 2550 Irving meet HCD goals helping families remain—and thrive—in high-resource neighborhoods while reducing emissions by connecting residents jobs opportunity through proximity transit,” said HCD Director Gustavo Velasquez “With so many units dedicated deserving veterans families faced homelessness Sunset District this development communal outdoor spaces provide true sense home community residents.”

The construction of 2550 Irving will be overseen by Guzman Construction Group certified minority-owned contractor based in San Francsico Local development legal partners include PYATOK Architects Miller Company Landscape Architects Waypoint Consulting California Housing Partnership Corporation Gubb & Barshay Farella Bruan + Martel Construction expected completed Winter lease-up starting summer

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